A day after NASDAQ posted an official notice, Canary Capital’s XRP ETF went live on the exchange, as per an official announcement by the company.
The update comes as multiple investment firms and companies try to launch their own ETF on stock exchanges, with limited success, as approvals remain pending.
Adoption of the XRP as a standard for creation of ETFs especially went up after the successful close of the year-long legal battle with the SEC.
The XRP ETFs that are listed on the DTCC come from providers such as 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, and a handful of others.
“XRP is one of the most established and widely used digital assets in the world, accessibility to XRP through an ETF will enable the next wave of adoption and growth in a critical blockchain system,” said Canary Capital’s CEO Steven McClurg.
“We believe XRP will play a key role in the evolution of our global financial system,”
The ETF trades under the stock ticker ‘XRPC’. At the time of writing, XRP’s price was $2.37.